FXstreet.com (San Francisco) - The USD/JPY pair ended lower overnight, as the Japanese yen strengthened against the greenback while the pair consolidates below the 79.10 mark after sliding to 5-week lows at the start of the week.
“In the 4 hours chart, indicators hold in negative territory and 20 SMA caps the upside now around 79.00, all of which support further slides in the pair, with 78.10 now at sight,” comments Valeria Bednarik, Chief Analyst at FXstreet.com.
USD/JPY last trades at its session low of 78.75 so far this Thursday in Asia, with immediate support noted at 78.65, then at 78.40 and 78.10. The upside offers resistance at the 79.00 figure, 79.20 and 79.45.
“In the 4 hours chart, indicators hold in negative territory and 20 SMA caps the upside now around 79.00, all of which support further slides in the pair, with 78.10 now at sight,” comments Valeria Bednarik, Chief Analyst at FXstreet.com.
USD/JPY last trades at its session low of 78.75 so far this Thursday in Asia, with immediate support noted at 78.65, then at 78.40 and 78.10. The upside offers resistance at the 79.00 figure, 79.20 and 79.45.
